Economics Quiz 36
1 / 50
Which exchange rate system is characterized by the absence of government intervention ?
2 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
3 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
4 / 50
Labeling theory has been criticized because_________________?
5 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
6 / 50
Studies other than Mead,s show that_________________?
7 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
8 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
9 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
10 / 50
When stock market is falling it is_______________?
11 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
12 / 50
In the classical model, potential output cannot be increased by ?
13 / 50
The liquidity trap occurs when the demand for money ?
14 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
15 / 50
Negative life chances correspond to__________________?
16 / 50
A firm may be unable to maximize profits because it ?
17 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
18 / 50
The crop most susceptible to frost is_______________?
19 / 50
Markets sometimes fail to exist because of________?
20 / 50
Involuntary unemployment exists if workers ?
21 / 50
The Superego of Freud,s theory is similar to Mead,s ?
22 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
23 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
24 / 50
Economic growth from current year (c) to previous year (p) is given by ?
25 / 50
________ are quotas that result in a total prohibition of trade?
26 / 50
The reduction of tax ?
27 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
28 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
29 / 50
Economic growth is depicted by ?
30 / 50
In a floating exchange rate system ?
31 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
32 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
33 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
34 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
35 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
36 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
37 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
38 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
39 / 50
Which of the following is NOT within the secondary economic sector ?
40 / 50
Public ownership of natural monopolies ?
41 / 50
Barriers to entry ?
42 / 50
The leading producer of sulphur in the world is ?
43 / 50
An increase in the price of a complement for product A would ?
44 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
45 / 50
A profit maximising firm will employ labour up to the point where ?
46 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
47 / 50
Critics of our school system sate that _________________?
48 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
49 / 50
Which of the following is not true about the specialized farm ?
50 / 50
The main cause of different relative costs between countries are ?
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